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KERALA HOTEL ACQUISITION
Buy, Sell or Hold: Citi maintains buy on Endurance Technologies; HDFC Securities downgrades Data PatternsBrokerages offer mixed outlooks on midcap stocks, with Citi maintaining a 'Buy' on Endurance Technologies due to strong Q4 results and HDFC...
ITC Hotels Q4 PAT at Rs 317 crore, chain posts revenue of Rs 1,254 croreITC Hotels posted strong FY26 growth with higher revenue, profit and record hotel signings. The company acquired a luxury resort in Kumarak...
Eco Hotels looks to become profitable by next fiscal end; acquires 3 propertiesEco Hotels and Resorts Ltd aims to be profitable by March 2026 and has acquired three properties totaling 178 keys. The company plans to ac...
StayWell Holdings to open Leisure Inn hotel in KochiThe 53-room hotel will be the group’s second property in southern India, following the recent opening of Park Regis Aveda in Kumarakom and ...
Twenty 14 Holdings to invest Rs 750 crore in hotels in IndiaIn Kerala, the company is constructing a 200 room hotel in Kannur while it is renovating another in Kochi. The Kannur hotel will go operati...
Mumbai-based Indel Corporation plans to expand its wings in more statesThe financial subsidiary Indel Money will open more branches in Kerala, Tamil Nadu and Karnataka and diversify its activities.
Vedanta Wake Up! Gets Ashish Bhatia to drive acquisitionsVedanta Wake Up!, a chain of budget hotels headquartered in Mumbai has roped in Ashish Bhatia to drive acquisitions.
Four Points to open 3 hotels, double count in 5 yearsThe new properties will come up in Bhopal, Vijayawada and the Vembanad Lake in Kerala, the company said in a statement today.
Starwood Hotels & Resorts set to double its Four Points brand footprint in India in 5 yearsStarwood plans to grow its global footprint by 50% in the next five years and India will play a key role in driving the growth momentum for...
Carnival buys Leela Infopark in Thiruvananthapuram for Rs 142 croreCarnival Group acquired Leela Infopark through share buyout of Aushim Soft, a co-developer of Technopark and part of the Leela Group.
Arjun Baljee-led Peppermint Hospitality strikes deal for 2,200 hotel roomsThe deal gives 34-year-old Arjun access to standalone hotel properties that have an inventory of 30 to 60 rooms each.
Yusuffali MA buys 4.99% share of Thrichur-based Dhanalakshmi BankAfter acquiring close to 5% stake each in Federal Bank and Catholic Syrian Bank earlier this year, prominent NRI businessman Yusuffali MA h...
M A Yusuffali, NRI businessman, acquires 4.99% in Dhanalakshmi Bank for nearly Rs 510 crYusuffali had earlier acquired close to 5% stake each in Federal Bank and Catholic Syrian Bank this year, a LuLu Group statement said.
- The Nairs of Hotel Leelaventure, in talks to sell Chennai property to NRI industrialist Ravi Pillai
Another source said the Leela Group plans to hive off the property into a separate entity, in which it would sell a majority stake.
- Citrus Hotels plans Rs 600 crore expansion in 2-3 years
Citrus Hotels & Resorts, part of Mirah Hospitality, will invest around Rs 600 crore in the next two-to-three years.
- Panoramic to spend Rs 130 cr to buy 2 hotels and set up one
Panoramic Universal to invest Rs 130 cr, to acquire and renovate two hotels and set up a new 3-star hotel in Jaipur.
- Lemon Tree eyeing global suite
Lemon Tree, the upscale mid-market hotel, has invested about Rs 500 crore in the domestic market and around Rs 200 crore in New York in the...
- IBS buys US firm VISaer
IBS Software, a Kerala-headquartered IT solutions provider for the travel, transportation and logistics industry, has acquired US-based VIS...
- Panoramic Universal acquires US travel agency Future Travels
Panoramic Universal has acquired Future Travels - a travel agency based in New York.
- New Article
Indian Hotels, owners of the Taj chain of resorts and hotels, is re-wiring its business strategy to ensure that one-third of its revenues c...